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12 Limiting Beliefs That Harm Entrepreneurs and Leaders

Leadership

12 Limiting Beliefs That Harm Entrepreneurs and Leaders

By David Chouraqui

In the entrepreneurial journey, the obstacles encountered by entrepreneurs and leaders are not always limited to those that can be seen or measured. Often, the most delicate and devastating barriers are those we erect ourselves, deep within our minds. These barriers, these limiting beliefs, are true hindrances to our potential, holding us captive in an invisible prison of doubt and uncertainty. Here, I propose to explore 12 widespread limiting beliefs that harm entrepreneurs and leaders, like invisible chains that slow their momentum towards success. Some may be familiar to you.

1. I don’t deserve to succeed

Often rooted in low self-esteem and not directly related to skills or achievements, this belief can be unconscious and fueled by negative comparisons or internal critical messages. It leads to self-sabotage and a tendency to remain in situations of failure, as success is unconsciously perceived as undeserved.

Development paths: Identify and actively question thoughts and behaviors of self-sabotage. Seeking professional support can help question and reassess this deep belief.

2. I am not capable

This belief often emerges from comparing oneself to others, reinforced by imposter syndrome. It can lead to chronic hesitation, prevent seizing opportunities for fear of not measuring up, and reduce self-confidence.

Development paths: Remind yourself of your successes, identify acquired skills, overcome challenges, and seek feedback from your surroundings on your strengths. This can help visualize your personal value and counter the negative internal dialogue.

3. Succeeding and making money is wrong

This belief develops from societal, family, or cultural beliefs associating money and success with selfish or immoral behaviors. It can also stem from a misinterpretation of ethical principles valuing modesty or sacrifice. It can lead to self-sabotage, avoiding financial success, or experiencing guilt when achieving success.

Development paths: Reconsider the relationship with money and success as tools for doing good. Engaging in conscious generosity practices can help reprogram the perception that succeeding and making money can have positive impacts on oneself and others.

4. I must not ask for help

This belief comes from the fear of judgment or being perceived as incompetent. It can also stem from the fear of being indebted to those who help us and a desire for excessive autonomy. This leads to isolation, work overload, and potentially costly mistakes due to a lack of diverse perspectives or external support.

Development paths: Recognize that asking for help is a strength, not a weakness. Start with small requests to build comfort with interpersonal dependence. Choose to ask for help from trusted individuals or those with whom the relationship is uncomplicated.

5. I must control everything and do it all myself

This belief arises from mistrust of others’ abilities or fear of losing control. It can lead to professional burnout, micromanagement, and demotivation of the team, limiting the growth of the company. It may also encourage avoiding bringing talented individuals into the company for fear of losing control over it.

Development paths: Actively delegate. Start with small and clearly defined tasks, and gradually increase, establishing regular feedback systems.

6. Everything must be perfect

This belief can result from a deep fear of failure, judgment, or losing control. It paralyzes action, delays projects, and can prevent recognizing and celebrating successes. It causes loss of focus on what is essential and mobilizes energy and resources on trivial subjects and details, which can waste a lot of time.

Development paths: Adopt the philosophy of “good enough.” Set clear deadlines to force decisions and move forward. Regularly prioritize your projects and tasks to focus on what’s essential.

7. “Fake it until you make it”

This belief (“Pretend until you succeed” in English) is often adopted as a strategy to overcome insecurity or compensate for a feeling of inferiority. It can also be used to achieve ends by making others believe in things that do not exist. It can lead to internal dissonance, increased anxiety, and a growing gap between authenticity and self-representation. When others realize this, it can also create disappointment and break trust and credibility.

Development paths: Work on authenticity. Focus on acquiring real skills rather than simulating confidence. Avoid small lies (and big lies too!) that can trap.

8. I must eliminate all negativity around me

This belief arises from the desire to maintain a positive environment but can become a rejection of any constructive criticism, opinion, or negative fact. It can create a state of denial in the face of problems or crises, leading to isolation and reducing opportunities for personal and organizational growth.

Development paths: Open your eyes and ears to accept reality, even if it is unpleasant. Seek to understand the source of negativity with curiosity. Sometimes, criticism can be a valuable tool for development and a source of improvement.

9. I cannot fail

This belief originates from the fear of failure and is reinforced by social and professional pressure to succeed at all times. It is paralyzing and can limit the risk-taking necessary for any success. It can also lead to making poor decisions and worsening situations that require admitting failures.

Development paths: Embrace that the entrepreneurial path is strewn with many failures. See each failure as a learning opportunity and motivation to move forward. Analyze past failures to draw constructive lessons.

10. Hard and long work is necessary for success

This belief is rooted in work ethic but can be interpreted as valuing time spent at work over efficiency. It can lead to exhaustion and neglect of health and relationships. It can also prevent finding ways to be more productive, innovate, or invest energy and time more intelligently.

Development paths: Prioritize high-impact tasks and practice effective time management to work smart, not just hard. Delegate non-important tasks.

11. Success comes quickly

This belief is influenced by stories of seemingly instant success widely spread through social media and today’s culture of immediate gratification. It can lead to unrealistic expectations of immediate results, causing frustration and rapid discouragement.

Development paths: Adjust your expectations and commit to the long-term perspective. Value perseverance and gradual growth.

12. Professional relationships are purely transactional

This belief stems from a narrow view of professional interactions, focused on immediate gain and denying the quality of the relationship. It limits the depth and durability of relationships, reducing opportunities for meaningful collaboration. It also negatively affects the transactional aspect of relationships because it does not inspire trust in counterparts.

Development paths: Cultivate authentic relationships based on mutual trust and shared interest, beyond immediate transactions. Take the time to relate to your counterparts before focusing on tasks and the gains that can be derived from them.

Concluding this examination of limiting beliefs reminds us of a fundamental truth: the greatest obstacles to our success are often those we impose on ourselves. By recognizing and dismantling these internal barriers, entrepreneurs and leaders open themselves to unprecedented growth and innovation opportunities. The key lies in awareness, thoughtful action, and the willingness to transform. Every step towards questioning these beliefs is a step towards freeing our true potential. The challenge is significant, but the reward can be inspiring; let’s get to work!

 

To go further

Discover Leadership Boost, our individual coaching program designed to help leaders boost their performance, impact, and energy.

David Chouraqui

Founder of WINGMIND, David Chouraqui serves as an advisor and coach for leaders and management teams. His areas of expertise include HR audits, leadership assessments, and change management.

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